In the context of capital owners, financial “risk” only refers to the potential loss of excess capital beyond what’s necessary for survival. Meanwhile, for laborers, it can mean risking everything, including basic needs like shelter, food, and healthcare, in case of financial setbacks. There is incredible disparity in consequences between the two groups when facing financial challenges, both in raw value and in the number of lives at stake.
Guess why I find one to be more of a problem than the other. 🙄
Oh I get it, don’t underestimate me.
In the context of capital owners, financial “risk” only refers to the potential loss of excess capital beyond what’s necessary for survival. Meanwhile, for laborers, it can mean risking everything, including basic needs like shelter, food, and healthcare, in case of financial setbacks. There is incredible disparity in consequences between the two groups when facing financial challenges, both in raw value and in the number of lives at stake.
Guess why I find one to be more of a problem than the other. 🙄
For some business owners it can mean financial ruin, even when tools like an LLC are used.
Yes, and I believe in the rights of those ruined business owners to a liveable wage when their business fails.
The solution to financially ruined people is not to redistribute wealth away from them for the sake of the only ones who are doing fine.